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ahead of the european council summit, the finnish prime minister played down the importance of the eu's achievement. >> we had the two world wars. the we had european civil wars. >> the three main figureheads will accept the prize when it is awarded in oslo in december. >> our european affairs correspondent joins us from brussels. what was your response? >> generally, surprise and amazement. this came out of left field. politics and seeming to going to the trenches, as it were, so it sounded like a joke. if you ask me for my initial reaction, i now know at the end of this long day of celebration and surprise that most people, including senior officials, were in much the same position. they had no inkling that this was likely to come out a winner, as it were. it's been a bizarre day. >> when you see how leaders react, you get the feeling that they are somewhat reluctant to show that they are happy. they almost feel guilty considering what is going on in the eurozone right now. >> this peace prize is all about recognizing 60 years of reconciliation across europe. for most modern leaders
in new york as the region struggles to recover from the super storm sandy. >> syria and eu membership on the agenda and talks between angela merkel and the turkish prime minister. >> european and north african countries have kicked off negotiations on a huge solar energy project in the sahara desert. u.s. president barack obama has arrived in new jersey to tour the devastation left in the wake of super storm sandy. >> obama was joined by new jersey governor chris christie, who is republican, but christie has praised the way the president has handled the crisis. they viewed storm damage by helicopter. obama will also be meeting with residents and emergency workers. >> cleanup work is in full swing on the east coast after sandy flooded cities, washed out bridges, and caused billions of dollars in damage. >> but new york city is making it clear it is back in business. mayor michael bloomberg rate in the opening bell at the new york stock exchange, which was closed for two days. >> the storm killed over 40 people on the east coast and caused unprecedented damage. >> life is slowly returni
their best to make it more difficult to do business there. now eu foreign ministers slapped more economic penalties on iran banning trade in finance, energy, and transport. >> reporter: eu foreign ministers made the decision at a meeting in luxembourg on monday. they said they took the stance because talks between iran and six world powers have made little progress. the eu is to ban in principle financial transactions between banks in the region and those in iran. the matter excludes medical and humanitarian aid. in addition, the eu has decided to impose a total ban on imports of iranian natural gas, though the current amount of import is quite limited. the union already banned iranian crude oil imports in july. the eu is also to prohibit member nations from shipping uranium and steel to iran as the country could use the material to build nuclear bombs. >> we have always said sanctions are not in end in themselves but are there to apply pressure on the iranian authorities to meet their international obligations and commitments. they are not aimed at the iranian people. >> reporter: the eu
rights are the ones that people all over the world aspire to. >> but the e.u. has won the peace prize in the midst of an acute financial crisis which has led to violent demonstrations in greece and spain. in europe, all divisions are reopening. perhaps that's why the european -- the nobel committee wants to boost it, prevent it from fragmenting. >> well, it's turned up a lot of discussion. we'll be going to the self-appointed capital of the e.u., brussels in a moment. first of all, we're going to catch you up on other stories making headlines around the world. idea's winner of the nobel prize for literature says he hoping the compatriot who won two years ago would soon be freed as he was jailed in 2009 and serving an 11-year sentence for inciting subversion of to the power. >> and the president's mohammed to remove the country's top prosecutor. as a farce, the president's move follows an angry public response to the acquittal of a group of supporters of the outgoing regime. reducing the risk of extinction for threatened species and establishing protected areas cost the world more than
's refugees worsens, and the eu calls on countries to work harder to resolve the crisis. >> the u.s. election campaign is gathering momentum in its final two weeks. u.s. president barack obama and his republican challenger mitt romney have had their final tv debate. >> they sparred over foreign policy where the president is perceived to have a clear evanish, but with the economy on the minds of most -- most voters, the candidates repeatedly reverted to domestic policy to win support. >> with two weeks until the election, the last debate between u.s. president barack obama and challenger mitt romney is dominating the news cycle. the topic was foreign policy, and viewer polls showed romney struggled to distance himself from the president. >> romney has pretty much to reach his breaking point. he has no argument anymore, and he never answers questions straight up. >> i thought last night, it showed that both romney and obama are pretty much in sync with foreign policy. >> with a race that is still too close to call, both candidates refused to give ground. president obama highlighted his track re
explosion hits the lebanese capital, killing a top government official. >> at the eu's summit in brussels, leaders reached a hard-bop compromise. >> germany court convicts 10 somali pirates in the first piracy case in 400 years. -- at the eu summit in brussels, leaders reached a hard-fought compromise. >> a senior lebanese intelligence official has been killed in a massive car bombing in central beirut that left seven other people dead and dozens injured. >> tensions in lebanon have been rising as a result of the syrian conflict, although it is not yet known who is behind the attack. some are already speculating it could be elated to -- related to the ongoing fighting. >> lebanese religious communities are divided between those who support the current government and the sunnis who backed the rebels. >> these men are trying to stop a young girl from jumping out of the damaged building. it was the midday rush hour in beirut when the massive car bomb detonated in the christian district. many parents were fetching their children from school. other residents of the area were enjoying an outdoo
of secessions are just unacceptable. she was speaking on her trip to the balkans with her eu counterparts. she said balkan membership in the eu and nato would be the best way to guarantee stability and prosperity. >> clinton's next stop -- serbia and close above -- kosovo. a new report by the european court of monitors suggest the money poured into kosovo has not had the desired effect. >> the eu has spent billions in kosovo. it gets more eu money per capita than anywhere else in the world, but auditors say much of that has gone to waste. >> we found that the european union's assistance to the custom sector by a large has been successful, but that unfortunately, payment to police and judiciary has been less successful because levels of crime and corruption remain high. >> the eu has sent 2000 staff to try to improve the justice system, but the auditors say kosovo's politicians interfere too much with the judiciary, and they say levels of corruption and organized crime remain high. the eu admits it is a difficult process and says it is putting pressure on kosovo to improve. >> we are pushing th
. >> committee members say the eu and its forerunners have contributed to the advancements of peace, reconciliation, democracy, and human rights for the past 60 years. they say the union has played an important role in transforming most of europe from a continent of war to a continent of peace. european nations formed the eu in 1993, building on the european economic community or eec established in 1958. nobel prize representatives note the eu is currently undergoing economic difficulties and social unrest. but they say they want to focus on the bloc's successes. the award appears aimed at encouraging member nations to work together to overcome their challenges. the eu's top official who was in tokyo to attend the imf/world bank meetings spoke to nhk. >> we have challenges for the moment in europe, but, it is indeed a happy day for europe and i trust for the world. >> european commission president jose manuel barroso welcomed the news. he said the award is a great honor for the citizens of europe, all member states, and european institutions. >> it is justified recognition for any p
stabilize the eurozone and its common currency. the eu's currency affairs commissioner, for example, would receive a virtual veto powers. >> the chancellor's bavarian coalition partners have signaled that they are reluctant to cede any more power to the european commission. >> schaeuble has spent days in the eurozone. back at the finance ministry in berlin, he has gone further, outlining concrete steps he hopes will eventually help end the crisis once and for all. >> i think they are realistic steps that could be taken now. first of all, to make the currency commissioner stronger and more independent, like the competition commissioner who can make decisions on their own. >> the currency commissioner would give sweeping new powers under schaeuble's plans, including the right to reject budgets if they fail to conform, meaning states would have to cede more sovereignty to brussels -- in this case, the power to decide the national budget. the third proposal involves strengthening the european parliament. lawmakers would be given more say in decisions and more flexibility. he suggests for examp
the free trade agreement between the eu and south korea went into effect in july last year. france said its imports of south korean cars in january and february, were up about 50% from a year earlier. but the commission said that the french request was based on short term statistics. the commission said eu imports of south korean cars rose 41% in the first year after the fta took effect. it said the figure for france was 24%. the eu executive body said the eu is importing fewer south korean cars than it did before the global financial crisis began in 2008. it concluded the current situation does not require monitoring. france called the commission's decision regrettable. it said a free trade deal should preserve the interests of the domestic industries of signatory nations. france suggested it will request tough conditions when the eu starts talks with japan for an economic partnership agreement. >>> facebook executives announced they're in the red for the second straight quarter. business expansion costs exceeded growth. the revenues for july to september period, topped $1.2 billion. that
management and national budget problems. the introduction of a euro zone budget and closer oversight of eu members have been put forward as possible longer term solutions. the leaders will also be informed of the progress made on the talks between greek and eu representatives about greece's austerity measures. no financial decision is expected to be made at this summit. >> checking in on the markets. u.s. stock prices closed yesterday as mixed corpote earnings. for more details let's going to ching lee. can you tell us more about the volatilities in the market. >> reporter: u.s. markets took a hit. the results which were released prematurely by mistake showed a sharp drop in profits. let's take a look at how it's moving markets in tokyo this friday morning. both the kkeind the topix down. t the nikkei managed to close at a three-week high yesterday. today we're expecting china's flash business sentiment. also we'll be tracking the reaction of high-tech stocks and the reaction to the poor earnings results. ramin. >> there's a lot of speculation right now in the markets about what it's going
stability after the fall of the berlin wall in 1989. but critics note more recently, the eu has backed crippling austerity cuts in struggling countries such as greece, where new figures thursday showed unemployment has risen above 25% in july. we will have more on the nobel peace prize later in the broadcast. this year's nobel prize for literature went to the chinese novelist mo yan. critics accuse the author of being too close to china's ruling communist government, a claim he denied friday, saying his writing has always been on the side of the people. turkey has defended its forced grounding of a syrian passenger planes in the cargo included russian ammunition and other military equipment bound for damascus. syria and russia have both condemned turkey's actions and denied there was anything illegal on board the plane. turkey says it's examining cargo that it confiscated. tensions between syria and turkey have been rising since mortar fire from across the syrian border killed five turkish civilians last week. on thursday, u.s. state department spokesperson victoria nuland said the uni
. some 40,000 people took to the streets of athens to express their anger with the eu, the austerity measures, and the german chancellor. safely away from the protests, angela merkel said she understood the problems facing many greeks. she promised help as athens performs its health system. >> i believe it will be worth it in the long run. if problems are not solved now, they will only get worse in the future. >> the greek prime minister agreed and said his country was not looking for extra handouts and that anyone who bet on the collapse of greece would be disappointed. >> check -- chancellor merkel also said she understood that tough austerity measures must be accompanied by moves to stimulate economic growth. >> that is why we will do everything we can to help greece gained access to loans from the european investment bank. >> but promises like that are too little, too late for these people. they blame the german chancellor for the economic misery, and the anger and resentment continues to spill over into violence on the street. >> time now to go live to athens where our reporter
in norway. the un is facing violent protests. but the prize honor the eu for the atmosphere of peace and reconciliation for the last six decades. >> i did not expect it to be such a good day. it is with great emotion i received the news to award the global peace prize to the european union. >> the european union emerged from the barbarism of world war ii. when the berlin wall came down in 1989, the u.s. acted as a beacon for democracy for countries that had been under soviet rule. but the nobel committee's decision is controversial to some. in the falklands, the eu failed to act to save lives. >> i think it is a statement about peace in your. i think many of us would argue that nato has kept violence today more than the european union did. >> and today the european union is being challenged by a debt crisis that has caused the new tensions in southern europe. spain observed its national day today in a somber mood. recession and unemployment pulled protesters onto the streets and many question whether this was the right moment for a peace prize. >> actually, i was surprised. i think i
's more economic penalties on iran banning trade and transport. >> reporter: eu foreign ministers made the decision on monday. they said they took the steps because they've made little progress. the measure excludes medical and humanitarian aid. they've decided to impose a total ban on imports of iranian naturalgas. the current amount of import is quite limited. the union already banned iranian crude imports in july. >> we've said sanctions are there to apply pressures to meet international obligations. they are not aimed at the iranian people. >> reporter: the eu's latest move is an attempt to gain concessions from iran regarding nuclear ambitions. >> leaders are calling for national unity in a show of defiance. >>> a spokesperson said a natural gas embargo would have no affect. iran has the second largest natural gas reserves in the world. they plan to expand imports to turkey and other neighboring countries. the latest sanctions could affect those planned. the penalties have caused the value of iran's currency to plummet. thousands of people took to the streets of tehran this month
. >> german chancellor angela merkel is demanding an eu commissioner be given sweeping authority to veto national budgets if they violate eurozone rules. >> french president francois hollande says that issue is not even on the agenda and that the priority now was to get moving on a european bank. >> going into the summit, the french president and german chancellor did not appear to be on the same page when it comes to the timetable for change. >> at our summit in june, we undertook to introduce bank oversight measures by the end of the year. it is now october, so we have to start implementing that decision now so that a bank supervision system is up and running by year's end. >> this will not be a meeting with final decisions are made. we will be preparing the way for our decision in december, but we have to make sure our preparations are right. >> the leaders buried their differences for the cameras at least. it is thought merkel and hollande also discussed the idea floated by germany of a super commissioner who could take control of budgetary policy if necessary. when it comes to refor
-day summit in brussels, eu leaders came up with a time line for the body to be gradually implemented in 2013. >> the details are still to be hashed out, but here's what we know right now -- the european central bank will function as supervisor in chief and have the power to intervene in any of the eurozone's 6000 banks. damages coming up with a time line was a compromise between france and germany, which had been at odds at the scope of the ecb's new powers and when they will be put in place. and it was a long night for the chancellor, but in the end, angela merkel got what she wanted. a eurozone banking supervisor will not go into operation in germany. >> people need to be brought together in a whole new authority, which today, on october 19, does not even have a legal framework ready on the horizon. no one can tell me it is going to be up and running by january and better than anything we currently have. it just would not work. >> instead, you leaders agreed to have the legal framework in place by january 1 -- eu leaders agreed. the european central bank is to lead the mechanism, but the p
a century now, each year, individuals or the award in his name. this year, the prize goes to the eu. the prize reminds everyone there is peace in europe because of the eu. >> it is business as usual at the european union district in brussels. you would hardly know the eu had just won one of the greatest honors in the world, of the peace prize. >> we've been in brussels for two days. we are surprised no one is celebrating. you would have expected it. i guess people celebrated quietly. >> the price will boost confidence in the face of the crisis and i hope it does a bit to unite europe. >> this person as a two-time nobel peace prize winner. doctors without borders won the nobel peace prize in 1999. >> it was tremendously motivating, a great recognition of what we do every day. >> back in 1999, piere had just returned from africa. since then, he provided medical care to immigrants in brussels. not all winners are organizations. some great individuals have won it, too. the polish leader of the dissident union -- the poles or the first to liberate themselves from communism. there is plen
place. the eu is watching with some suspicion, especially after the controversial jailing ofhe former prime minister. her political archenemy still leads the country as president. and an increasing number of ukrainians are asking themselves who they can trust that all. one thing is clear -- it is not the political elite. >> it is quite an animated evening. an amateur ensembles stages a comedy about marriage, but it is less about love that about the dowry, money, and influence. just like in ukrainian politics says this journast w inved the actors to come to kiev's old market. the building has long since become a symbol. influential businessme want to privatize it, but these people are protesting those plans. >> more and more people support what we are doing here. many people wonder why we are doing this. when they hear that the building is to be privatized, they all begin helping us, so everyone who has been here becomes part of our movement. >> they have named that project "hospitable republic." the government has rescinded the order, and private investors want to turn it into a shopp
that debt. that is something that the eu parliment member is focusing on a great lover of our country. we are in deep you know what if we don't fix it. look at the european continent. daniel and joining us on the phone right now. one of the most eloquent readers of the world i know. dan, i know we've always kidded about this in person and on the phone. you love our country but you don't love what you are seeing out of the your country, explain. >> i listened to your intersection. saying you have a better system than france like saying a better baseball team in france. that's not the competition it is a wide world. i don't know if you saw the hilarous news that the european union won the nobel peace prize. >> that was, dan, it was the same day i won the anti-obesity prize. i was so happy. but tell me more about this. >> well, i have thought what can they do to trump this year. euro brought violence to the streets of europe and it is greater than any time than the second world war. it trumps obama and al gore. what are they going to do next year. they can give the eu the prize for economici
union will share this year's nobel peace prize. ray suarez interviews the e.u. ambassador to the u.s. >> brown: we come back to politics as paul solman asks this question: >> who do you trust >> woodruff: plus mark shields and david brooks analyze the week's news. that's all ahead on tonight's newshour. major funding for the pbs newshour has been provided by: >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the-vice presidential debate left democrats today saying they're back on track after a strong showing. republicans argued their man held his own. instant polls split on who won last night's confrontation, but both camps claimed victory. vice president biden moved on today to wisconsin, paul ryan's home state. >> anyone that watched that debate, i do
: this is a good one. did you hear the one about the eu winning a nobel peace prize? it's actually not a joke, it is true. to the folks whose policies have triggered riots. what is not? me getting a eace prize for my successful anti-obesity campaign? we have melissa francis and she is one of the sweetest people. alyssa, what the heck? >> they had a press conference afterwards and someone had the nerve to ask ask the chairman, wasn't it a cheerleader for the european union? and he was upset by this comment. he was shocked. >> are they looking at the same video that we are looking at? >> wondering if tey think of the $1.2 million prize is going to solve the debt crisis. maybe that's wt it's all about to it is amazing. timing is everything. let's just say, the timing for this is off, is not? >> well, i'm not sure of the criteria, but remember, the nobel peace prize also had yasir arafat in 1990 for winning the nobel peace prize and teddy roosevelt after he had already decided to invade colombia. they don't have exactly a great track record of criteria for the nobel peace prize. >> i want melissa
outstanding issues. a decision on an extra bailout $361.5 billion euros is expected to be shelved until the eu financial ministers meeting next month. >>> now checking on the busins side of markets. u.s. a eurean stock pces extended gains in overnight trade. strong u.s. housing data helped to lift market sentiment. the fact that spanish bonds also avoided another downgrade supported stocks and for more details, let's go toy to tokyo stock exchange. some markets are taking a little bit of a turn for the better. >> good morning, rahim. u.s. housing starts in support did rise to the fastest pace in around four years. but the market gains were capped by some lukewarm earnings by some highechants. let's take lookt howhat's moving markets in tokyo this thursday morning. the nikkei and the topix both opening higher. nikkei up 0.9% at 8882. the topix also up 745. the nikkei managed to top the 8800 level for the first time yesterday. that's in six sessions on a weaker yen which boosts exporters and euro related stocks. we'll be keeping an eye today on some tech rated stocks such as chipmakers after int
't asking for aid because there's a real fear eu leaders would diter or possibly say no. >> investors hang up on soft bank fearing its plan may be too costly. >> and a big day as jpmorgan and wells fargo get set to report third quarter results. >>> take a look at the bond space. we're seeing perhaps the ten year in spain moving lower. in fact yields moving lower across the board. tells you there's more going on other than just risk on. bund just under 1.5%. this despite the fact or because of the fact that ecb is out there talking about inflating away debt is not an option. nevertheless, ten-year in spain, 5.72% yield on that. italy just trying to nose below the 5% level holding steady there for time being and the ten year gilt at 1.77%. >> and as far as currency markets are concerned, euro-dollar kind of where we were this time yesterday. 129.66. sterling-dollar a little firmer. dollar slightly up against the yen. shares in japan soft bank are lower today following news it's in advance talks to buy 70% stake in sprint. three are considering a loan to fund the deal. hampton pearson has mor
advantage. good to have you on the show. > > thanks angie, i appreciate it. > > there's a big eu summit happening on thursday. will stocks be held hostage? > > i wouldn't be surprised. there's two things: if we can stay above the 1420 level in the s&p - because we haven't been there in a while - and really finished there on friday afternoon. it will be interesting to see how we open this morning, and if we can stay above that level, sustain that. if not, then i think the markets will move freely before thursday. if they stay above 1420, i think you won't get much play until thursday. > > the financials have kicked off earnings with some record profits. citigroup reports in tonight. what do you expect? > > i think that you are going to see bank stocks come out. people are set up for earnings not being so good. i think bank stocks will be different, and they will come out with good earnings, and we'll see their stocks do a little bit of a pop. > > anything you would buy in tech ahead of earnings? > > other than apple, which has had a decent pullback, and there has been some good movement
like these have prompted thousands to apply for asylum in the eu, but because they do not face acute danger, germany and other countries say they want to stand the flow of migrants, if necessary, by reintroducing a visa requirement. >> nearly all member states have similar problems. sweden especially has also made it clear that it will lead to insufficient asylum capacity for people who are actually being persecuted. >> the european commission wants to find a solution. the eu home affairs commissioner has announced a regional meeting in the balkans. >> we have discussed with the ministers how we can improve their fortune in order to get down those numbers of asylum seekers. >> in germany, it can take up to 14 months before objected -- rejected asylum seekers have to leave the country. >> in austria, we have a different system regarding the provision of basic needs, and i think that of course, that is a factor in germany being a kind of magnet because people looking to abuse these laws know they can get cash year. >> as the meeting concluded, one thing was clear -- things in germany h
Search Results 0 to 49 of about 505 (some duplicates have been removed)